The car, truck, or SUV needing coverage is a significant factor when trying to find cheap car insurance for real estate agents in New York. Vehicles with more horsepower, poor safety ratings, or a high likelihood of having liability claims will cost substantially more to insure than more modest models.
The data below estimates insurance costs for the most affordable automobiles to insure in New York.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Ford Focus S 4-Dr Sedan | $820 | $410 | $68 |
Ford Fusion Hybrid 4-Dr Sedan | $1,052 | $526 | $88 |
Honda Accord EX-L 2-Dr Coupe | $952 | $476 | $79 |
Hyundai Elantra Blue 4-Dr Sedan | $862 | $431 | $72 |
Hyundai Sonata SE 4-Dr Sedan | $938 | $469 | $78 |
Kia Optima SX | $952 | $476 | $79 |
Nissan Altima Hybrid 4-Dr Sedan | $892 | $446 | $74 |
Toyota Camry XLE | $878 | $439 | $73 |
Toyota Corolla XRS | $892 | $446 | $74 |
Volkswagen Jetta 2.0T 4-Dr Sedan | $892 | $446 | $74 |
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Table data does not factor in vehicle location which can influence price quotes greatly.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
BMW X5 M AWD | $1,088 | $544 | $91 |
Chevrolet Traverse LS AWD | $736 | $368 | $61 |
Ford Escape XLS 4WD | $706 | $353 | $59 |
Ford Explorer Eddie Bauer AWD | $850 | $425 | $71 |
GMC Acadia SL 2WD | $776 | $388 | $65 |
Honda CR-V EX-L 4WD | $722 | $361 | $60 |
Honda Fit Sport VSA | $720 | $360 | $60 |
Honda Pilot EX 2WD | $806 | $403 | $67 |
Hyundai Tucson GLS 4WD | $792 | $396 | $66 |
Jeep Grand Cherokee Laredo 4WD | $836 | $418 | $70 |
Kia Sportage LX 4WD 4-Dr | $836 | $418 | $70 |
Subaru Forester XT Limited Edition AWD | $838 | $419 | $70 |
Toyota Highlander Sport 4WD | $850 | $425 | $71 |
Toyota RAV4 Limited 4WD | $836 | $418 | $70 |
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in garaging location in New York which can affect coverage prices greatly.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $924 | $462 | $77 |
Chevrolet Silverado LTZ Crew Cab 4WD | $892 | $446 | $74 |
Dodge Ram 2500 Crew Cab ST 4WD | $968 | $484 | $81 |
Dodge Ram 3500 Crew Cab SLT 2WD | $968 | $484 | $81 |
Dodge Ram Crew Cab SLT 4WD | $968 | $484 | $81 |
Ford F-150 XLT Super Cab 2WD | $792 | $396 | $66 |
Ford F-250 XL Super Cab Turbo Diesel 4WD | $1,024 | $512 | $85 |
Ford F-350 XL Crew Cab 4WD | $1,124 | $562 | $94 |
GMC Sierra Denali Crew Cab 4WD | $952 | $476 | $79 |
Toyota Tundra Limited Crew MAX 4WD | $968 | $484 | $81 |
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Information does not factor in specific zip code location which can impact prices greatly.
Finding dependable, cost effective insurance is challenging, and finding out which company has the cheapest car insurance rates for real estate agents involves even more diligence. Each insurance company has their own process for determining rates, so to begin we’ll rank the most budget-friendly car insurance companies in New York.
Find Cheaper Car Insurance for Realtors
Rank | Company | Cost Per Year |
---|---|---|
1 | USAA | $1,152 |
2 | Erie | $1,205 |
3 | Travelers | $1,513 |
4 | Utica National | $1,549 |
5 | Progressive | $1,558 |
6 | Amica | $1,580 |
7 | Allstate | $1,603 |
8 | MetLife | $1,620 |
9 | Preferred Mutual | $1,754 |
10 | New York Central Mutual | $1,836 |
11 | GEICO | $1,850 |
12 | Safeco | $1,888 |
13 | State Farm | $1,982 |
14 | Central Mutual | $2,008 |
15 | Liberty Mutual | $2,087 |
16 | Hanover | $2,323 |
17 | Encompass | $2,689 |
18 | Nationwide | $3,178 |
19 | Mercury | $3,965 |
20 | 21st Century | $4,412 |
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USAA offers some of the most affordable car insurance rates in New York at around $1,152 a year. Erie, Travelers, Utica National, and Progressive also are some of the best New York auto insurance companies.
As the rates illustrate above, if you currently have coverage with Progressive and switched to Erie, you might achieve an annual savings of around $353. Policyholders with Amica could save as much as $375 a year, and Allstate insureds might cut rates by $398 a year.
Understand that those policy prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a price decrease for real estate agents. So the company that is best for you may not even be in the chart above. That point stresses why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
For realtors, one of the big components that is looked at to determine insurance cost is where your car is garaged in New York. Areas with increased crime or more people like New York, Hempstead, and Yonkers are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The table below illustrates the most expensive cities in New York for real estate agents to buy auto insurance in.
Rank | City | Premium Per Year |
---|---|---|
1 | New York | $2,627 |
2 | Freeport | $2,281 |
3 | Hempstead | $2,279 |
4 | Levittown | $1,981 |
5 | Yonkers | $1,978 |
6 | Mount Vernon | $1,938 |
7 | Brentwood | $1,929 |
8 | Hicksville | $1,919 |
9 | West Babylon | $1,875 |
10 | Coram | $1,714 |
11 | New Rochelle | $1,676 |
12 | White Plains | $1,661 |
13 | Buffalo | $1,533 |
14 | Niagara Falls | $1,237 |
15 | West Seneca | $1,225 |
16 | Cheektowaga | $1,203 |
17 | Tonawanda | $1,201 |
18 | Utica | $1,092 |
19 | Syracuse | $1,086 |
20 | Troy | $1,085 |
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Rate information is approximated as the vehicle garaging location can modify insurance rates noticeably.
Car insurance companies that sell cheap car insurance for real estate agents in New York may also provide discounts that could lower prices by 35% or more if you meet certain criteria. A list of companies and some of the premium reductions they offer include:
Discount | Geico | State Farm | Progressive | Allstate |
---|---|---|---|---|
Bundle discount | Yes | Yes | Yes | Yes |
Multi-vehicle | Yes | Yes | Yes | No |
Anti-theft | Yes | Yes | Yes | Yes |
Safe vehicle | Yes | Yes | No | Yes |
Passive restraint | Yes | Yes | No | Yes |
Running lights | Yes | Yes | No | No |
Newer vehicle | No | Yes | No | Yes |
Green vehicle | No | No | No | Yes |
Accident-free | Yes | Yes | Yes | Yes |
Defensive driving course | Yes | Yes | Yes | Yes |
Armed forces | Yes | Yes | Yes | No |
Occupational | Yes | No | No | No |
Full payment | Yes | No | Yes | Yes |
Automatic payment | Yes | No | Yes | Yes |
Loyalty | No | Yes | Yes | No |
Sign early | No | No | No | Yes |
Good student | Yes | Yes | Yes | Yes |
Distant student | No | Yes | Yes | Yes |
Own your home | No | No | Yes | No |
Seat belt usage | Yes | No | No | No |
Quote online | No | No | Yes | No |
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The example below compares insurance rates with and without discounts applied to the rates. The premium estimates are based on a female driver, a clean driving record, no claims, New York state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with homeowner, anti-theft, safe-driver, multiple vehicle, multiple policy, and vehicle safety discounts applied. When taking advantage of discounts, the the average amount saved on car insurance for real estate agents is % or $.
google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 2123,1531],[‘Age 30’, 1477,1073],[‘Age 40’, 1371,995],[‘Age 50’, 1199,873],[‘Age 60’, 1157,841],[‘Age 70’, 1345,971]]);var options = {title: ‘Insurance Rate Comparison for Real Estate Agents’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}
Choosing the right car insurance company can be challenging considering how many companies there are in New York. The company ratings shown below can help you choose which insurers you want to consider when comparing rates. The ratings below include large nationwide companies, so smaller companies are not factored into this list.
When researching car insurance, the companies with the most market share are Allstate, Progressive, Geico, and State Farm. The data below breaks down price, claims, and customer service ratings, as well as some optional coverages you can buy with each company.
Allstate | Progressive | Geico | State Farm | |
---|---|---|---|---|
Policy Cost | 4th | 3rd | 1st | 2nd |
Number of Discounts | 1st | 4th | 2nd | 3rd |
Customer Satisfaction | 2nd | 3rd | 1st | 4th |
Claims Rank | 1st | 4th | 3rd | 2nd |
U.S. market share | 10% | 8.8% | 11.4% | 18.3% |
A.M. Best rating | A+ | A+ | A++ | A++ |
S&P financial rating | AA- | AA | AA+ | AA |
Accident forgiveness | Yes | Yes | Yes | No |
Mechanical breakdown insurance | No | Yes | Yes | No |
Rideshare insurance | Yes | Yes | Yes | Yes |
New car replacement | Yes | No | No | No |
Rating based on usage | Yes | Yes | No | Yes |
Roadside assistance | Yes | Yes | Yes | Yes |
Insurance Agents | Only buy from Allstate agents | Indpendent agents or online | From a Geico agent or online | State Farm-only agents |
Number of agents | 11,000+ | 30,000+ | 150+ | 18,000+ |
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